Cardano DEX Splash Suffers 2.42 Million ADA Exploit

The Cardano-based decentralized exchange Splash reported a security breach on September 14, resulting in the loss of approximately 2.42 million ADA and 1.99 million OADA. The exploit stemmed from a smart contract vulnerability in the ADA/OADA liquidity pool, which failed to properly validate transaction reserves. Stolen funds were traced to addresses associated with KuCoin and Gate.io. Optim Finance has suspended its protocol and withdrawn liquidity for OADA in response.